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<p>[QUOTE="Lehigh96, post: 666505, member: 15309"]BNB,</p><p><br /></p><p>I am going to stray away from the advice that everyone else has given you with some minor exceptions. In the long run, you are going to get punished trying to make money in coins with your current knowledge level. However, you seem hell bent on making a coin purchase and doing it quickly, and although you say you want to make money, it really seems to me that you are here to gamble.</p><p><br /></p><p>I am a regular at the poker tables in Atlantic City and have worked in the casino industry for over 15 years; no stranger to gambling myself. From what I have read in this thread, you seem rather impatient and not inclined to listen to the advice of others. This leads me to believe that you are young, twenty something. It also occurs to me that the $2K does not mean much to you. This could mean you have a level of wealth that makes $2K not a big risk financially. It could also mean that you don't have much in the way of financial obligations (wife, kids, mortgage, etc). Either way, if you want to gamble, then go right ahead and gamble.</p><p><br /></p><p>My only advice is to make a sound bet. Here come the exceptions. Make sure that the coin you buy is graded by either NGC or PCGS. I know people will tell you that PCGS is best, but that simply isn't true. As for Speedy's advice about the other TPG's, you don't have the requisite knowledge to determine which coins in those slabs are the good ones, so you have no choice but to avoid them. The only way to beat the house in a casino is to hit and run. The longer you play, the statistics will favor the house edge. Likewise in your case, the more coins you buy, the chances are greater that you will make a mistake. I suggest you wait until the upcoming Heritage signature sale, and find ONE coin in that sale that you like for $2-$3K. Determine how much you will bid on the coin prior to the start of the auction and then place an absentee bid prior to the live auction. If you win, good. If not, wait until the next signature auction and repeat the process. There is one every month.</p><p><br /></p><p>I give this advice for several reasons. You don't have enough knowledge to buy raw coins and come out ahead. If you buy a coin from a retailer like CRO, you are going to be paying retail and will find it very difficult to make a profit. If you buy a coin at auction, there is a chance that you can get a nice coin at a decent price that you could flip for a very small profit.</p><p><br /></p><p>If you like Buffalo Nickels, here is a link to one that is in your price range.</p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=334#photo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=334#photo" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=334#photo</a></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>If you are really in a gambling mood, take a look at this coin.</p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=8493#photo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=8493#photo" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=8493#photo</a></p><p><br /></p><p>Forget the price guide on this one. No way it sells for less than $1,000 and my guess is closer to $2,000. Now this coin can be phenomenal or it could be a real dog. A gamlber's delight if you ask me. </p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>And while out of your price range, if I were going to invest in coins, I would buy coins like this. Original patina, stunning eye appeal, conditional ultra rarity.</p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=525#photo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=525#photo" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=525#photo</a></p><p><br /></p><p>Good luck and take it slow. If you look through the Heritage sale, you can even ask the member's here there opinion on the coins before the end of bidding.</p><p><br /></p><p>Good Luck![/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 666505, member: 15309"]BNB, I am going to stray away from the advice that everyone else has given you with some minor exceptions. In the long run, you are going to get punished trying to make money in coins with your current knowledge level. However, you seem hell bent on making a coin purchase and doing it quickly, and although you say you want to make money, it really seems to me that you are here to gamble. I am a regular at the poker tables in Atlantic City and have worked in the casino industry for over 15 years; no stranger to gambling myself. From what I have read in this thread, you seem rather impatient and not inclined to listen to the advice of others. This leads me to believe that you are young, twenty something. It also occurs to me that the $2K does not mean much to you. This could mean you have a level of wealth that makes $2K not a big risk financially. It could also mean that you don't have much in the way of financial obligations (wife, kids, mortgage, etc). Either way, if you want to gamble, then go right ahead and gamble. My only advice is to make a sound bet. Here come the exceptions. Make sure that the coin you buy is graded by either NGC or PCGS. I know people will tell you that PCGS is best, but that simply isn't true. As for Speedy's advice about the other TPG's, you don't have the requisite knowledge to determine which coins in those slabs are the good ones, so you have no choice but to avoid them. The only way to beat the house in a casino is to hit and run. The longer you play, the statistics will favor the house edge. Likewise in your case, the more coins you buy, the chances are greater that you will make a mistake. I suggest you wait until the upcoming Heritage signature sale, and find ONE coin in that sale that you like for $2-$3K. Determine how much you will bid on the coin prior to the start of the auction and then place an absentee bid prior to the live auction. If you win, good. If not, wait until the next signature auction and repeat the process. There is one every month. I give this advice for several reasons. You don't have enough knowledge to buy raw coins and come out ahead. If you buy a coin from a retailer like CRO, you are going to be paying retail and will find it very difficult to make a profit. If you buy a coin at auction, there is a chance that you can get a nice coin at a decent price that you could flip for a very small profit. If you like Buffalo Nickels, here is a link to one that is in your price range. [URL]http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=334#photo[/URL] If you are really in a gambling mood, take a look at this coin. [URL]http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=8493#photo[/URL] Forget the price guide on this one. No way it sells for less than $1,000 and my guess is closer to $2,000. Now this coin can be phenomenal or it could be a real dog. A gamlber's delight if you ask me. And while out of your price range, if I were going to invest in coins, I would buy coins like this. Original patina, stunning eye appeal, conditional ultra rarity. [URL]http://coins.ha.com/common/view_item.php?Sale_No=1129&Lot_No=525#photo[/URL] Good luck and take it slow. If you look through the Heritage sale, you can even ask the member's here there opinion on the coins before the end of bidding. Good Luck![/QUOTE]
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